3309 Drysdale Ct
Edwardsville, IL 62025
Once again, the above video link provides an overview
referencing current stock market conditions relative to similar
past readings. This would be most relevant for position
investors (such as retirement accounts) to monitor on a weekly
This is NOT a
forecast just data points at this time. Continue to keep an
open mind and respect the message of the market.
Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
Hi Matt/steve, is today highly likely to be a trend day?
Join Zoom Meeting
the Zoom is back up but I'm also in middle of opening
guys the Zoom has been up all morning
I haven't taken many new trades today on stocks, mainly
justmanaging positions, I bought 50 GLD put options last week and
shorted GLD on Thur, so took profits on a large portion of those. I
also had JPM and some KRE coming into today
I've also been day trading ES
the other thing I'm working on is visually reviewing the SPX
KiSS charts and placing the trades in a spreadsheet so that we can
see some statistics. I'm guessing by the time I'm done the
DVT system would provide 3 - 4 times over buy and hold from
Mar 2009. however the main benefit I think is the lack of draw
down. The market had a 25% correction in 2011, the DVT you
got out 4% off the highs so you avoided that. same for strong
corrections like 2015/2016, one in 2014, and of course Feb/Mar this
year the DVT stopped you out about 5% from the highs whereas the
market fell 35% or you would have had to sit through a 35%
drawdown. To me that's where it shines. Also I'm NOT
computing all those additional trade signals you have while in a
trade that I showed in those webinars, I'm ONLY showing first entry
off a low then the exit when the DVT is hit. As you know during a
long trend you could have 5 - 10 small buy signals in there to
greatly add to your profits, I'm not computing those (too much
right ). Also number of total times DVT's hit in a year, it's
not much. To give you an example the system signaled a long on
3/10/09 and the DVT stop wasn't hit until 1/21/10 or 317 days
later. You had 2 DVT's hit in 2010, 4 hit in 2011, 3 in 2019
etc. so maybe on average 3 a year? with ranges of as little
as 2 to maybe 4 - 5 max
Wow, that's a lot of effort, but should give a good picture of
the system at work.
Question about the zoom . I checked it about 30 minutes ago and
it was showing $INX, which I'm not familiar with. It said it's a
SPX instrument, but the numbers were in the 1200s. Does it
correlate with SPX, but just with different values?
it's been showing @ESM20 all morning, I think yesterday it was
showing INX which is SPX cash, but that was yesterday.
Sorry to bother you about this. I used the link above in the
sticky note. Refreshed the screen, clicked it again just now, still
saw $INX. Not sure why.
I am also just seeing INX - seems like the data is frozen and
not updating, anyone else have this problem?
Thank you Steve.
do you have a chart to share?
Thanks for posting. Looks compelling in solar stocks.
FSLR ENPH SPWR CSIQ SEDG JKS DQ etc have been trending higher.
Would like to find time to review some names as likely
to be future growth area
Thanks for posting
XRT - Chart Link - nearly back to its 2018
$TRAN - Chart Link
Nice week for Retail and Transports
IWM - Chart Link- Friday's upward move in
regional banks aided the Russell 2000 (see KRE)
z0ned - volume will be needed to break the resistance just
overhead but in the meantime focus on PRICE as your primary point -
was a decent trade on Friday.
Nothing is better or worse in terms of the MA's - use what works
best for YOU. The 20 SMA ties in nicely with the BB's
(midpoint). Again, this choice isn't about right or wrong,
it's about what works best for you since MA's are simply guides.
Several traders also use the 13 and 34 MA's (fibs).
Yup...ALSO QQQ weekly has a massive ascending wedge. I can see
this breakdown as early as coming week or week after. But
it’s time for puts QQQ XLK for sure
Nice BO on bank stocks yesterday. Feel like for market to keep
going needs to have them participate.
Matt could you share the DVT daily, 120min and half day charts
on the gold futures /GC.
Need some volume....
CUBE - Chart Link
looks like I got my answer with strength into the end of
DHI: A wedge has formed after ER on Tuesday.
Thanks Matt, keep them coming!
Steve/Matt - Any reason why you guys use SMA instead of EMA for
9 and 21 day MA`s ? I recall readin somewhere that EMA`s are better
for short term MA`s ? Appreciate your thoughts
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